Mar
1
eBay and Merc hug and make-up
Posted by Dirk Avery at 2:45 pm under Litigation, Patent.
InternetNews’s Kenneth Corbin writes:
eBay reached a settlement with MercExchange today [Feb. 28], putting to rest a long-running legal squabble that dates back to September 2001.
eBay said that it would purchase the three patents from MercExchange which had been at the center of a high-profile infringement case that eventually made it to the U.S. Supreme Court. Terms of the settlement were not disclosed.
The disputed patents relate to eBay’s “Buy It Now” feature, which allows consumers to lock in the purchase of an item being sold at auction at a fixed price.
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